The Finance Ministry has expanded the definition of overseas individual investors in listed equity investments to include all individual persons resident outside India, including non-Resident Indians and Overseas Citizens of India, under the foreign portfolio investor scheme.

How this affects you

This policy change is expected to broaden the pool of investors in Indian listed companies, making it easier for global individual investors without ancestral ties to India to participate in its economy, potentially increasing foreign investment inflows. However, investments from countries sharing a land border with India will still require government approval.